Location: Yell County, AR | Metro: Logan County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 72842 stands out due to its unique demographic and economic characteristics. With a population of 1,112 residents, it has a relatively low rental rate at 23.7%, indicating that homeownership is more prevalent. The median income here is $49,000, which is modest compared to many metropolitan areas, while the median home value is significantly higher at $151,300. This suggests that homeownership is more affordable relative to income levels.
Moving into the specifics of Section 8 housing, the Federal Market Rent (FMR) for ZIP 72842 is set at $920 for the fiscal year 2026, which is notably above the current market rent of $840 based on Census ACS data. This means that landlords participating in the Section 8 program can expect to receive a subsidy that exceeds the typical market rent, making it financially advantageous to accept vouchers. However, the gap between FMR and market rent also implies that there could be a potential misalignment with local housing costs, which might affect demand for subsidized units.
In terms of stability, the data signature of ZIP 72842 reads as stable. The modest rental rate indicates that the housing market is not heavily reliant on renters, and the median income and home values suggest a community where homeownership is both common and attainable. Given these factors, landlords and small-portfolio investors should find the environment predictable and favorable for long-term investments. While the Section 8 program offers a subsidy that can help stabilize cash flow for rental properties, the overall economic conditions point towards a steady rather than transitional housing market.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.